XML 93 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Stockholders' Equity (USD $)
Total
Series A Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Statutory Reserve
Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2010 $ 62,565,829 $ 16,205 $ 1,875 $ 26,595,929 $ 29,264,152 $ 1,658,197 $ 5,029,471
Beginning Balance, Shares at Dec. 31, 2010   16,205,268 1,875,113        
Common stock issued for services 363,689   21 363,668      
Common stock issued for services, Shares     21,116        
Series A preferred converted to common shares   (5,916) 197 5,719      
Series A preferred converted to common shares, Shares   (5,916,176) 197,206        
Exercise of stock warrants 400,000 707 4 399,289      
Exercised, Number of Warrants   706,715 4,185        
Sale of common stock 125,000   5 124,995      
Sale of common stock, Shares     3,501        
Shares issued for adjustments for 1:10 reverse split, Shares     728        
Adjustment to statutory reserve         (406,354) 406,354  
Net income for the year 5,760,543       5,760,543    
Foreign currency translation adjustment 2,549,278           2,549,278
Balance at Dec. 31, 2011 71,764,339 10,996 2,102 27,489,600 34,618,341 2,064,551 7,578,749
Balance, Shares at Dec. 31, 2011   10,995,807 2,101,849        
Common stock issued for services 441,146   121 441,025      
Common stock issued for services, Shares     121,053        
Series A preferred converted to common shares   (13,198) 440 12,758      
Series A preferred converted to common shares, Shares   (13,197,389) 439,912        
Series A preferred issued for warrant modification 235,133 2,202   232,931      
Series A preferred issued for warrant modification, Shares   2,201,582          
Exercise of stock warrants 198,142   73 198,069      
Exercised, Number of Warrants     73,386        
Sale of common stock - related parties 612,903   158 612,745      
Sale of common stock - related parties, Shares     157,966        
Shares issued for adjustments for 1:10 reverse split, Shares     420        
Adjustment to statutory reserve         (415,187) 415,187  
Net income for the year 4,198,580       4,198,580    
Foreign currency translation adjustment 543,415           543,415
Balance at Dec. 31, 2012 $ 77,993,658   $ 2,894 $ 28,987,128 $ 38,401,734 $ 2,479,738 $ 8,122,164
Balance, Shares at Dec. 31, 2012     2,894,586